The potential growth in China driven by consumption would be a lot more similar to that in developed markets and "it is showing up already," Gill said, citing a large number of Chinese tourists in Japan.

China needs to reduce people's savings rate from around 25 percent to a lower level by building a sound social safety net, according to Gill.

A lower savings rate in China "will lead to a feedback loop that will both change the dynamics of the economy and will provide the next leg of growth," said the senior investor.

China has embarked on a path to empower domestic consumption with contribution of final consumption expenditure to economic growth at 76.2 percent in 2018 up from 45.3 percent in 2007, according to China's National Bureau of Statistics.

UBS Asset Management, which manages as much as 824 billion U.S. dollars of assets worldwide, is pushing for a standalone allocation to China thanks to size of Chinese economy and continuous growth in the country.

"China's continuing growth and its standing as the world's second largest economy support experts' belief that the case for a standalone approach to China is growing increasingly compelling," said the latest "Panorama" report by UBS Asset Management.

Chinese bonds market is one uniquely defensive market and Chinese currency RMB would move to the reserve currency status, creating an RMB bloc in Asian and Pacific region, according to the report.

【国内英语资讯:Chinas transition to consumer economy makes it more investable: senior investors】相关文章：

★ 2012年英国大公司高管基薪仅涨3%

★ 中国公司本周或将现身美国IPO市场

★ 双语：坏习惯快走开 8条建议让你告别自己的陋习

★ 巴菲特投资太阳能

★ 分析：蒙蒂之后，谁还能领导意大利？

★ 普京与辛格在新德里举行会谈

★ 汇丰拟拨7亿美元审查客户

★ 朝鲜证实推迟火箭发射

★ 360与百度在搜索领域展开攻防战

★ 口渴的乌鸦